Tuesday, May 01, 2012

How King Thief Richie Daley beefed up his pension payouts - Retired corrupt mayor took advantage of state's convoluted system

Two years into his reign as Chicago's longest-serving mayor,Richard M. Daleytook advantage of the state's convoluted pension system to significantly increase his potential payout while saving $400,000 in contributions, a Tribune/WGN-TV investigation has found.

Daley, a former state senator, made it happen by briefly rejoining the legislative pension plan in 1991. He stayed there just one month before returning to Chicago's municipal pension fund, but the switches made him eligible for benefits worth 85 percent of his mayoral salary — a better rate than all other city employees receive.

He was just 49 years old at the time. Even if Daley had never won another election, he could have started collecting a public pension at age 55 of $97,750 a year. Without the steps he took, his public pension benefits at that age would have been worth just $20,686.

Of course, Daley went on to win five more elections, remaining ensconced on the fifth floor of City Hall for the next two decades. When he retired last May, his pension benefits had grown to $183,778 a year — about $50,000 more than he would have otherwise received.

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25 comments:

Anonymous said...

His death needs to be extremely painful and prolonged. Hopefully he is tortured for weeks before his black heart finally seizes. Rotten cocksucker.

Also Raine

Anonymous said...

His death needs to be extremely painful and prolonged. Hopefully he is tortured for weeks before his black heart finally seizes. Rotten cocksucker.

Also Raine

Anonymous said...

It's public service not a JOB with pension benefits these crooks need an attitude adjustment.

Even da rivah runs backards said...

Da Chicaga way.. We don't up want nobody that nobody sent. Who sent ya?

Anonymous said...

police and fire prepare to put more per check,much more like 15%.the sheep fucked us all!

Fornmer Hamburg Club Member said...

Richie doesn't care about the citizens of Chicago or Illinois. His personal pension with the state is a disgrace and he should give it back to the state as he wealthy enough to help as the state is broke.

Rahm Emanuel was quoted as saying they would have to triple the property tax to make up for the pension deficit left by Daley. The pension for City of Chicago employees will go bankrupt and the only problem is when. Another of Richie's legacy. I know one thing about tripling property taxes that it will devalue everyones real estate in Chicago making Chicago the Detroit on Lake Michigan.

I Voted For Obama said...

Why do you think Obama listens to Daley on everything? The man is a master at sucking up public money. Obama wants to be just as good if not better.

I Voted For Obama said...

Why do you think Obama listens to Daley on everything? The man is a master at sucking up public money. Obama wants to be just as good if not better.

Anonymous said...

If he really cared about this city and it's taxpayers like he's always claimed,he would send that portion of truly un-earned pension back to the city he almost bankrupted. Or,just induct him into the Irish-American hall of shame!

Anonymous said...

Pensions should be taken away.Not earned.

Anonymous said...

I will NEVER have ANY respect for ANY Fed, as long as this ultra-corrupt, lieing, thieving little cocksucking Weasel is walking around free.

Anonymous said...

I will NEVER have ANY respect for ANY Fed, as long as this ultra-corrupt, lieing, thieving little cocksucking Weasel is walking around free.

Anonymous said...

Fuck the Daleys! May they ALL rot in Hell, with that evil bitch Maggie. The sooner the better.

Anonymous said...

And NOW people are PISSED-OFF at Police Officiers,& Firefighters for their pensions, also how 'bout alderman's pension for a PART-TIME JOB! FUCKING AMAZING!

Anonymous said...

Maggie Daley was a like-minded greedy whore. I usually don't wish cancerous death on people but she deserved it. Hopefully little richie will do the favor and be with his wife shortly

Anonymous said...

how many intelligent taxpaying Illinois voters still gonna vote democrat this November..
The Illinois democrats have raped chicago,cook county, Illinois bare !!!!!!!!!!!!!!!!!!!!!!!!!!!!

Anonymous said...

throw in what maggie daley had richie steal from chicago taxpayers.. whole lotta tax money

Anonymous said...

If Rahm had a a set of balls he would have Daley charged with theft. I forgot ballerinas have no balls.

Anonymous said...

how many intelligent taxpaying Illinois voters still gonna vote democrat this November..
The Illinois democrats have raped chicago,cook county, Illinois bare !!!!!!!!!!!!!!!!!!!!!!!!!!!!

May 2, 2012 1:55 PM

And now they are raping the retirees with, HB1313.

Anonymous said...

"How King Thief Richie Daley beefed up his pension payouts - Retired corrupt mayor took advantage of state's convoluted system"
16 Comments - Show Original Post
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1 – 16 of 16
Anonymous said...
His death needs to be extremely painful and prolonged. Hopefully he is tortured for weeks before his black heart finally seizes. Rotten cocksucker.

Also Raine

May 1, 2012 10:53 PM

Anonymous said...
It's public service not a JOB with pension benefits these crooks need an attitude adjustment.

May 1, 2012 11:36 PM

Even da rivah runs backards said...
Da Chicaga way.. We don't up want nobody that nobody sent. Who sent ya?

May 2, 2012 5:47 AM

Anonymous said...
police and fire prepare to put more per check,much more like 15%.the sheep fucked us all!

May 2, 2012 5:51 AM

Fornmer Hamburg Club Member said...
Richie doesn't care about the citizens of Chicago or Illinois. His personal pension with the state is a disgrace and he should give it back to the state as he wealthy enough to help as the state is broke.

Rahm Emanuel was quoted as saying they would have to triple the property tax to make up for the pension deficit left by Daley. The pension for City of Chicago employees will go bankrupt and the only problem is when. Another of Richie's legacy. I know one thing about tripling property taxes that it will devalue everyones real estate in Chicago making Chicago the Detroit on Lake Michigan.

May 2, 2012 6:19 AM

I Voted For Obama said...
Why do you think Obama listens to Daley on everything? The man is a master at sucking up public money. Obama wants to be just as good if not better.

May 2, 2012 7:06 AM

I Voted For Obama said...
Why do you think Obama listens to Daley on everything? The man is a master at sucking up public money. Obama wants to be just as good if not better.

May 2, 2012 7:06 AM

Anonymous said...
If he really cared about this city and it's taxpayers like he's always claimed,he would send that portion of truly un-earned pension back to the city he almost bankrupted. Or,just induct him into the Irish-American hall of shame!

May 2, 2012 7:50 AM

Anonymous said...
Pensions should be taken away.Not earned.

May 2, 2012 8:34 AM

Anonymous said...
I will NEVER have ANY respect for ANY Fed, as long as this ultra-corrupt, lieing, thieving little cocksucking Weasel is walking around free.

May 2, 2012 9:16 AM

Anonymous said...
I will NEVER have ANY respect for ANY Fed, as long as this ultra-corrupt, lieing, thieving little cocksucking Weasel is walking around free.

May 2, 2012 9:17 AM

Anonymous said...
Fuck the Daleys! May they ALL rot in Hell, with that evil bitch Maggie. The sooner the better.

May 2, 2012 11:09 AM

Anonymous said...
And NOW people are PISSED-OFF at Police Officiers,& Firefighters for their pensions, also how 'bout alderman's pension for a PART-TIME JOB! FUCKING AMAZING!

May 2, 2012 11:37 AM

Anonymous said...
Maggie Daley was a like-minded greedy whore. I usually don't wish cancerous death on people but she deserved it. Hopefully little richie will do the favor and be with his wife shortly

May 2, 2012 1:54

Nor did I, until you realize how evil and corrupt these political hacks are and now I pray every day that the entire Democratic party burns or contracts a death sentence virus at one of their fund raisers.
By Gods will, please. We need no martars.

Anonymous said...

There comes a point where the regular working people leave the city and it's only the city workers and the non working colored and Mexicans.

Anonymous said...

I put in my 30yrs.&earned the small pension I get.This cunt Daley (Little Napoleonic PRICK)treated us like shit & fucked whoever he could. His cunt nephew Vanecko got 60-70-million from the pension funds to invest& lost most of it. Gotta make you wonder why Patrick Fitzgerald hasn't made a move on f'n Richie!Under Daley's regime everybody was a commissioner or deputy&a lot of em were dumber than a box of rocks.This J-O claimed he loved the city? Why dont he give back what he shouldn't have rec'd.?He has plenty already+he gets a huge amount each time he makes a speech. That's a good trick for someone who doesn't have any mastery of English language!

Les said...

I frankly do not understand how this lying piece of scum can sleep at night. He took advantage of an already-flawed system and fattened himself well on money he has no business getting. Moreover, what he inflicted on Chicagoans with his parking meter deal is something he can never be forgiven for. The guy is an out and out THIEF and CROOK!!!!
He's left a filthy legacy.

Anonymous said...

People that have had their consciences weaned from them by their father and their "silver spoons in their mouths" sleep quite well.

Anonymous said...

Richie Daley has fattened like a pig at the expense of the people of Chicago. The parking meter contract has been the scourge for the City of Chicago, and one only hopes that Mayor Emanuel will find a way out of it. Daley also fattened himself by taking a job with the very company which is draining Chicago dry with their parking meter bills. Daley screwed the police, the firemen, and the teachers. He took advantage of the State of Illinois's fractured pension system and fed himself like a pig.